meazza

Maybe BCE? http://ca.news.finance.yahoo.com/s/2611200...cy-opinion.html The FED has to save everyone

http://www.economist.com/finance/displaySt...e=features_box1

You know, even though inflation should be skyrocketing, investors run to treasuries is probably stabilizing the value of the dollar.

Hold onto your valuables because your money is not going to be worth anything in about a year

It's a giant toilet bowl. A billion dollar disaster.

They play all of their games at Molson stadium. The Olympic Stadium is a giant toilet bowl.

Not sure. I can't predict the future and this is something that even the most experienced investor can't understand. I think if there is ever any future banks whose fate is questioned, the Fed will have no choice but to step in as well. I know that if I'd have anything over 100K to deposit, I'd rather deposit it into a gov't owned entity of Citigroup than Citigroup with no Fed backing. In the long run, this mess will be tough to sort out.

Because they were just doing that. Sucking it up while the economy picks itself back up. What's happening? Traders are betting they will fail and taking short positions on them. Banks that have zero confidence can never survive. It doesn't take much in these kinds of markets. Why is the share dropping to 2-3$? Do you really think it's worth that little? I think if they simply sold off their real estate they'd probably get more than that. And one last thing. How much do you think the FDIC will have to dish out in $$$ to cover the deposits of all Citigroup clients? Probably more than the bailout will cost (although I have not actually verified this myself so I could stand corrected)

Because people are scared to invest with them. They don't want to be stuck in the next Lehman. Remember, banks run mostly on confidence. Of course they screwed up and took 50 B in credit hits, but pretty much every bank in the US as well as many Canadian and European banks have as well. Do you think this is all happening due to poor management? I work at a Canadian bank that only had one writedown last year due to commercial paper. 1 writedown that's peanuts compared to it's assets and revenues. The shares are trading way below what they should be. Why? Because everyone is scared. What's going to happen? Layoffs, zero compensation and i could forget about my bonus

GM, Ford make great trucks. No one is denying that. The demand decreased when people stopped being able to afford the gas on those trucks. On the other hand, have you ever owned a small American car? Well I've owned several. I now own a Honda Civic 2000 with 60 000 Miles. Although it is obviously a small sample, I've ever experienced less issues with the car I drive now in comparison with the American small cars I used to drive. That's the problem. The big 3 got dominated in the small car market and that's what the majority of middle income Americans/Canadiens began to purchase. When the big 3 can make a car as durable as the Honda Civic from the early 2000's or Toyota, that is when they will regain their market share.

Actually Texas is my game but good job trying. Of course I don't have any money left since I spent it all building a bomb shelter to prepare for the San Diego game.

It's not the same thing. One is a viable business that is struggling due to a lack of consumer confidence (Citi) and one is a struggling business due to bad business decisions while competitors were making the right ones (GM, Ford, Chrysler) Citi isn't the only bank taking a beating. Pretty much any US bank is highly volatile due to a lack of confidence. On the other hand, the Big 3 made some very bad moves in terms of vehicles produced and as a result, no one wants them.

Who's punished in the end? What are you going to do? Throw them in jail? On what grounds? Didn't C just let go their CEO just last year? Has the fate of any bank been solid since the market started to crash?

You know, just a little story. I have a relative who deals with Citigroup Wealth Management and he told me that he moved his cash (well above the FDIC ratio) over to more guaranteed assets, i.e. T-Bills etc. Of course no one realizes that the yield on T-Bills is so low that the fed is borrowing for free.

The fall of Citigroup has a much bigger impact on individuals including retirement plans that have a portion of their securities invested in Citigroup and other financials than it does executive pay. Bonuses will be zero and the stock options these guys received are worthless. Everyone has lost their shirt. Banking is about confidence. Right now, there is none. No bank can survive without confidence, and the government is the only one that can guarantee that.

So I take it none of your portfolios have some stock of C?

I beg to differ. Have you ever met Pyrite Gal?

The strike was a joke and yes you're right, Montreal never really recovered from it. You know what else didn't help? The Olympic Stadium is located in the worst place you could locate a sporting event in Montreal. But I think CFL is crap and if the Bills ever left Buffalo, well NFL would most likely be over for me.

When has KC done that all year? Why would they all of a sudden do that against the Bills? When did we become Detroit or the Bengals? The Bills will win pretty easily on Sunday, and will also dominate against the 49ers since they know I'm going to be at the game, it will most likely motivate them.

It's already been filled by Honda and Toyota.

New's travels slow in Canada. We just heard about Obama being elected.

The law of comparative advantage. If they make it cheaper, you're better off in the end as well as anyone else.

That commentator. What a jinx. "Does anyone remember the SB where the Bills lost by a FG?"

I don't think it takes a genius to know that the kick wasn't going to be good.

Not even a 5 yard pass to get a bit closer...